#United States #Afore Insurance #Virginia Beach #Resolve Insurance #Christopher Burns

Afore Insurance Expands with Resolve Insurance Acquisition

Afore Insurance Services, LLC, a growing player in the insurance market, has successfully acquired Resolve Insurance Group, a renowned independent agency based in Virginia Beach, Virginia. This strategic move is part of Afore's expansion strategy within the Mid-Atlantic region, aiming to bolster its service capabilities and market presence. The transaction marks a significant milestone in Afore’s ambition to establish dominant regional platforms through acquisitions.

The leadership structure of Afore is set to benefit from this acquisition, with Christopher G. Burns stepping into the role of Senior Vice President and National Marine Practice Leader. Burns brings extensive knowledge and a wealth of experience in the marine insurance sector. His expertise will be instrumental in overseeing the growth of Afore's Marine Practice along both the Eastern Seaboard and the Gulf Coast. In his own words, Burns stated, "I'm honored to join Afore at such a pivotal moment. I look forward to growing our Marine Practice and developing marine specialists nationally.”

This acquisition follows a broader trend among insurance agency owners who are increasingly leaning towards Afore’s unique partnership-acquisition model, rather than opting for other routes. Afore has gained a reputation for its commitment to maintaining the local presence of acquired agencies while leveraging its national resources. This approach allows agencies like Resolve Insurance Group to continue delivering high-quality service while being part of a larger, resource-rich organization.

Afore's Regional President, Brett D. Balsley, expressed excitement over this acquisition, highlighting Resolve’s strong reputation both locally and nationally within the marine market. Balsley emphasized that the union of Afore's regional capabilities with Resolve’s local expertise will enhance their service delivery and accelerate growth plans across the Mid-Atlantic. "Resolve has built a strong reputation in Virginia and nationally in the marine market for service, expertise, and community commitment," he remarked.

The integration of Resolve Insurance Group into Afore’s operations further reflects the company's ongoing investments in the region aimed at strengthening its market position in Virginia and beyond. Recent transactions indicate Afore's strategy to enhance its capabilities through regional acquisitions, emphasizing specialized industry knowledge and robust carrier relationships.

With over 20 offices nationwide, Afore Insurance has positioned itself as one of the largest insurance brokers in the United States. Since its inception in the 1970s, the company has successfully acquired more than 50 agencies, operating them with personalized structures that allow local leaders to maintain client relationships and service standards. This model not only streamlines operations but also fosters a culture where entrepreneurship is encouraged, benefiting both agency owners and clients.

As Afore continues its trajectory of growth, Michael A. Garguilo, the President and CEO, underscores the company's mission to become the premier independent insurance platform serving the Mid-Atlantic and the greater Eastern Seaboard. The acquisition of Resolve Insurance Group, along with the appointment of Christopher G. Burns, illustrates Afore's commitment to sustaining its competitive edge while ensuring that independent insurance agency owners can thrive within its framework.

Conclusion

The acquisition of Resolve Insurance Group signifies a robust step forward for Afore Insurance Services, enhancing its capabilities in the marine insurance domain and solidifying its presence in the Mid-Atlantic region. As the company integrates Resolve’s strong local assets with its expansive resources, it aims to provide unparalleled service to its clients while fostering sustainable growth in a competitive market.